MBA 2019-2020 EMPLOYMENT REPORT DIRECTOR's MESSAGE Cori Foged Director, Career Education & Coaching
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MBA 2019-2020 EMPLOYMENT REPORT DIRECTOR'S MESSAGE Cori Foged Director, Career Education & Coaching Chances are if you are reading this, you are considering an MBA at the University of Alberta or thinking about hiring one of our talented students. There are a few things that set our MBA apart from what you might ALBERTA LANDSCAPE experience elsewhere. Our MBA student population is rich with diversity. Students come from around the globe as well as Alberta has the youngest locally to earn their degree from a top three population in Canada and is highly business school in Canada. They are educated. proficient in their professions and are eager to develop their business acumen -GOA Economic Website, 2019 competency to compliment their varied technical background. Edmonton start-up, Jobber, ranks as the second fastest growing Graduates from our program are well company in Canada. respected in the employment landscape and consistently transfer their learning into the -Canadian Business Growth 500, 2019 workplace through capstone projects, experiential learning opportunities, The University of Alberta ranks third internships and permanent roles upon in the world for articifical graduation. There are many ways to engage intelligence research, behind only with and access our MBA talent and we have Carnegie Mellon University and dedicated business development staff who Tsinghua University in China. are strongly connected to the business -CS Rankings 2018 community and are constantly building the MBA network with the help of our alumni. Whether you are looking for leading edge Since 2016, 432 new tech startups have been established in Alberta, knowledge in data analytics and the use of bringing the total number of tech artificial intelligence, organizational companies with headquarters in AB transformation and change or strategic to 1,238. vision, our students and graduates are well -Betakit, 2019 versed and solution-focused for the future. With a UAlberta MBA, anything is possible. Page 2 FULL TIME 2019 CLASS PROFILE DEMOGRAPHICS 75 Students 29 Average Age INDUSTRY BACKGROUNDS 5.4 Avg. Years of Work Experience Energy 20% 36% Female Financial Services 12% Non Profit/Govt 11% 49% International Experience Consulting 9% Retail 8% UNDERGRADUATE Technology 8% Education 6% DEGREE BACKGROUNDS Resources 5% Other Health Care 5% Other 16% 3% Arts 17% Engineering COMBINED DEGREES 32% 4 MD/MBA 3 MBA/JD Commerce 1 MBA/MEng 22% 1 MBA/MScPt Science 2 MBA/Pharmacy 26% Page 3 CAREER STORIES Nolan Trach, MBA'19 Why did you decide to pursue the MBA? I wanted to expand my career trajectory by gaining a graduate degree and was advised by many people that an MBA would allow me to grow within the bank and move on to roles that were closer to what I imagined my dream job to be. What support did you most benefit from with the Career Management Centre? The Career Management Centre gave me the ability to see who I really was and what I really wanted to be. They were able to tell me things that I wanted out of a career that made total sense to me, but just never crossed my mind before. On top of the direct interview/resume/cover letter help, the Career Management Centre helped to build my personal Nolan Trach, MBA'19 brand and me discover what it meant to be me. Hometown: What did you gain through your internship? Calgary, AB For my internship I wanted to do something very Current Role: different from working at a multinational bank. So Leadership Development getting a job at a small, family run agricultural Program Planner, OEM Remanufacturing business allowed me to see an entirely different perspective on what an organization can be.I learned MBA Internship: of effective communication, navigating the Operations Consultant, Steve and Dan’s Fresh BC Fruit intricacies of a small business, and a broader picture of how to run an organization. MBA Activities: MBAA Vice President What’s next? Member of Net Impact Member of MBA Games I am going to use my entrepreneurial learnings from the U of A to assist in some new business ventures, Prior Education: continue to write and hopefully publish short stories Bachelor of Commerce – International Business, and poetry, and continue to learn by taking language University of Alberta courses and expanding my artistic endeavors through painting and clothing design. Page 4 Grads employed 94% within 3 months FULL TIME MBA of graduation EMPLOYMENT Mean Total STATISTICS $79,020 Salary WHERE DID OUR GRADS END UP? Industry % of Total Employed Function % of Total Employed Healthcare 15% Operations/Supply Chain 20% Entrepreneur/Start Up 15% Health 13% Government (Fed/Prov/Muni) 15% Business Development 13% Finance/Banking 13% Law 9% Law 9% Information Technology 9% Consulting 7% Financial Analyst 7% Tech/IT 7% Project Management 7% Manufacturing 5% Government Relations 5% Energy 5% Research Analyst 5% Supply Chain 4% Consulting 4% Construction 2% Entrepreneur 2% CAREER TRACKS 11% Energy Finance 25% Innovation & Entrepreneurship 16% Operations & Business Analytics 13% Public Sector & Healthcare 20% Strategy & Consulting 13% General Page 5 CAREER STORIES Silvia Sorenson, MBA '20 Why did you decide to pursue the MBA? In my previous role, I was designing and managing projects where I felt the need to develop a holistic understanding of how projects are selected and prioritized by management. I felt the MBA would be a perfect program to help me learn and develop essential business skills. I also received the best advice from the VP of my company – keep learning throughout your life, never stop otherwise, you will start to lose your passion and purpose. The MBA program exposes you to new opportunities that you did not realize was possible and is an opportunity to build a meaningful network and have an impact on your career. What support did you benefit from with Silvia Sorenson, MBA '20 the Career Management Centre? The Career Management Centre helped me Hometown: learn skills to develop my career and to apply these skills effectively so that I could Edmonton, Alberta present myself to employers in the best possible manner. These skills included self- MBA Activities: awareness exercises, cover letter and Net Impact resumé preparation, developing your MBA Association personal brand, interview preparation, how to have difficult conversations and Prior Role: negotiations. All these skills and mentoring Project Manager (Engineering), meetings helped me improve and grow into ATCO a more confident and valuable professional. Prior Education: What's Next? Bachelors of Materials II would love to work for an organization that shares similar values as me: innovation, Engineering Co-operative impact, community, and passion. Then, in Program, ten years, I would like to boldly start my own University of Alberta business. However, I am still in the dreaming phase. Page 6 RECRUITING COMPANIES WHO HIRES OUR GRADS? ENERGY FINANCE AIMCo ATB Financial PUBLIC SECTOR & RBC Royal Bank HEALTHCARE Syncrude Canada TC Energy Alberta Health Services City of Edmonton INNOVATION & Covenant Health ENTREPRENEURSHIP Government of Alberta Government of Canada Aurora Cannabis Jobber STRATEGY & MEDO.AI CONSULTING Stem Cell Token Naturals Deloitte EY OPERATIONS & KPMG LLP BUSINESS ANALYTICS MNP LLP Stantec Alberta Machine Intelligence Institute OTHER/GENERAL AltaML Amazon Alcanna Aritzia PCL Constructors Inc. Finning TELUS WestJet YMCA of Northern Alberta Page 7 CAREER STORIES Chan Woo (Jason) Youn, MBA'19 Why did you decide to pursue the MBA? I wanted to build my business acumen and realized that I did not want to be just a pharmacist for the rest of my life. I want to build my career, move up corporate ladders, and be a part of strategic initiatives with businesses. What support did you most benefit from with the Career Management Centre? I got a lot of support in terms of my resume building, job searching, writing great cover letters, and preparing for interviews. The Career Management Centre was very beneficial and educational for my career. What did you gain through your internship? Throughout my internship, I learned how to use Chan Woo (Jason) Youn, MBA '19 Microsoft Excel very well, build financial models, make presentations for C-suite executives, analyze Hometown: data and create strategies from the analyzed data. I Edmonton, AB also learned how to find and use secondary research to build strategies. Current Role: Clinical Pharmacy Student, Shoppers Drug Mart Pharmacy What’s next? My overall goal is to work for a large pharmaceutical MBA Internship: company and have a role in market access, and then MBA Corporate Development climb slowly up the corporate ladder and build my Internship, STEMCELL Technologies career. Right now, I am currently finishing my pharmacy rotations and studying for my pharmacist MBA Activities: licensing exam. In terms of jobs after I graduate, I University of Alberta Powerlifting have some offers lined up that deal with being an Association analyst, project manager, and part-time pharmacist. Prior Education: I am not sure which one to pursue yet, but I guess BSc. in Pharmacy time will tell. A majority of these offers are due to the skills I learned in the MBA and at my internship. Page 8 COMPANIES PART TIME REPRESENTED AIMCo MBA 2019 Alberta Health Services Alberta Pensions Services Corporation 75 Students Blindman Brewing City of Edmonton 33 Average Age Corus Entertainment Dotdash 8.6 Avg. Years of Work Experience EPCOR Utilities Inc. Flowservce 50% Female Livestock Gentec Servus Credit Union EDUCATIONAL BACKGROUND Engineering Mean Science $99,392 Base Salary Arts Business Mean $105,473 Total Other Salary 0% 10% 20% 30% SALARY BY INDUSTRY Industry % of Total Employed Mean Range Government 25.4% $91,927 $62,000-$125,000 Other 16.9% $93,000 $60,000-$120,000 Energy 13.6% $106,642 $90,000-$130,000 Financial Services 10.2% $96,340 $66,700-$135,000 Non-Profit 8.5% $95,000 $60,000-$130,000 Manufacturing 6.8% $130,500 $110,000-$157,000 Healthcare 6.8% $105,600 $91,800-$120,000 Page 9 CAREER STORIES Swetha Venkatesh, MBA'20 Swetha Venkatesh, Why did you decide to pursue the MBA '20 MBA? I felt a strong need to understand the Hometown: Chennai, India fundamentals of business management and leadership.